BoE's Greene Says Inflation Risks From Energy Shock Exceed Expectations
Policymaker Megan Greene said the Iran war's energy-price shock poses greater risks of a pickup in broader inflation than the Bank of England expected. She reiterated that interest rates should rise.
Bank of England policymaker Megan Greene said the risks of a pickup in broader inflation as a result of the energy price shock from the Iran war were greater than the BoE expected and she reiterated her view that interest rates should go up.Greene — part of a minority on the BoE's Monetary Policy C…